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LINK.USDT (Y20.P4.E7).What's next?Hi, *** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below: Just before I dig into my thoughts, Peter B gave out this tweet which said: Charts do NOT predict prices. No form of TA predicts prices. Charts suggest the path of least resistance Charts provide a means to determine the risk of a trade Charts offer help in timing Charts offer POSSIBILITIES, not probabilities and certainly not certainties MY THOUGHTS: ==================================================== Note: Log on chart is not enabled. As per chart, we see the following: a) A possible Wedge breakout or channel breakout; b) The weekly support line (green band) had confluence with the 0.618 retracement, if I recollect correctly. Refer to my previous posts. c) For BTC or LINK in this case, to break a major resistance level, being the next fib level as well, it might require a buildup. As you can see, I have the place 2 fib levels, macro and minor levels. Currently the resistance is at the minor level and my focus. d) I'm looking for a ABC impulse move or what I think is more likely a Elliot correction wave of ABCDE as a bottom formation, hence a bullish pattern. This area does lean towards a bottom formation but its yet to be confirmed and its in line with my thoughts on BTC, a ranging price where there is a key resistance (BTC 11400 to 11600). e) I see the red line most likely scenario, on what little money I have, I will buy that dip, if BTC demonstrates something similar as well. f) If LINK hold this $10.3 level and accumulates, then the blue arrow path is likely, but if it drops below $10.3, then that black band ($9.6) is likely to be revisited, hence forming another lower high, potentially and agreeing with the thesis of my yellow ascending triangle. What are your thoughts, bullish on LINK? Please give me a tick or like for this post. Regards, S.SAri 8 HRLY Chart, using the EMA ribbon for confluence with the fib levels to equate support levels. PREVIOUS POST:
Long
by ssari
2
Link LINKUSDT - Elliott wave + channelThis structure since ATH is still bearish, because the main impulse Elliott wave crashed to the downside. As per Elliott wave principle, we should expect an ABC correction to the upside now, before another move to the downside. I cannot turn completely bullish on this coin yet, because we need more data later and bulls need to prove more of themselves. And what is also very bad - a main trend line on Log chart since 1.34 USD is broken (you cannot see a specified trend line on this chart). Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
by UnknownUnicorn2537518
2
CHAINLINK BUY AND SELL ZONES!!So everyone knows about chainlink buy now unless your living under a rock, but if so thats ok, heres some quick and easy buy and sell zones to keep an eye on. everytime the RSI is over sold it tends to be a great buy time or DCA (dollar cost averaging) in. also around the bottoms before next run MACD seems to be a little laggy but histogram is right on. The same goes for the over bought on the RSI tends to be a great time to sell. be good time to probaby scoop up a little on this now if you wanted. it wouldnt hurt.
Long
by Crypto_Gardener
LINK/BTC: Imminent Breakout Analysis - 1D, 1HIn this post, I'll be providing an analysis on Chainlink (LINK), shedding light on its daily and hourly chart through technical analysis. Daily Chart Analysis - To begin with, the daily chart is on the left, and the hourly on the right - The daily chart demonstrates that prices are trading within a descending channel, forming lower highs and lower lows - The Relative Strength Index (RSI) is at neutral levels, showing signs of a potential breakout - The Moving Average Convergence Divergence (MACD) is forming a potential death cross, but has not provided confirmation yet - We can interpret the current setup as a consolidation phase of a bullish flag pattern - Should we see prices break through the upper channel resistance, we could potentially expect another leg up to 0.002btc Hourly Chart Analysis - Zooming in on the hourly, we see clearer signs of bullishness - Prices are forming an ascending triangle pattern, in which the tops of the pattern are rejected at 0.000894 btc levels, while higher lows are formed - The RSI is also in an uptrend, forming higher lows as a sign of momentum building up - Based on the ascending triangle pattern, we can count Elliott triangle waves (ABCDE) - This wave count shows that a breakout through the triangle pattern is very imminent - The 100 Simple Moving Average (SMA) on the hourly chart is a good reference of support/resistance zones. You can check out my other analysis on Waves (WAVES) which had a very similar setup: an ascending triangle within a descending parallel channel. Conclusion Chainlink seems like it's headed to retest previous highs as indicators and bullish pattern setups demonstrate potentiality for a breakout. However as always, don't predict the market. Take it by levels, and play by probabilities. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
Long
by Michael_Wang_Official
2
CHAINLINK BREAKOUT OF DESCENDING CHANNEL!I Would Like To Apologize To People Who Are Waiting For LINK Updates, Been Busy This Past Couple Of Days. But Here Is An Update! CHAINLINK EXPECTED TO BREAKOUT OF DESCENDING CHANNEL! - We Got Rejected Multiple Times But Hear Me Out! LAST WEEK: We Did Mention A Upward Movement And Sideways Action Of Link, Which It Did! NOW >> I Expect LINK To Breakout Of This Channel, Nothing Significant For Price Action, BUT We Have Established A New Trading Range! (It Wont Be Long Til LINK Decides Which Way To Go) But At Least We Got A TR --- I Am Waiting For Confirmations Before Entering A Position Here. LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯 *You are Welcome to Request Chart Analysis at Anytime! Simply Comment Down Below or DM Me :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE BUT Please Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
BINANCE:LINKUSD
by crypt0analyst_
4